
Murrieta, California 92563
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $600,000—positioned well below the $664,422 Fair Market Value by 9%. This valuation gap offers $64,422 in Instant Equity for the buyer. With a Fair Condition Rating, the home features a versatile 3,470 sqft layout, including a downstairs bedroom and loft. Located in a top-tier district with 9/10 rated schools, this property is an ideal acquisition for Owner-Occupants or Value-Focused Investors seeking long-term appreciation.
Spacious 5-bed Murrieta home with 9% instant equity. Features 3,470 sqft, no HOA, and top-rated schools. Priced at $600k, this value-add opportunity won't last.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29323 Broken Arrow Way Subject 5 bd · 3 ba · 3,470 sqft · $191 | $600,000* List Price | 5 | 3 | 3,470 | $191 | - |
A 29215 Derby Sold 4 bd · 4 ba · 3,168 sqft · $211 · 0.3 mi | $670,000 | 4 | 4 | 3,168 | $211 | 0.3 mi |
B 29576 Andromeda Street Sold 4 bd · 4 ba · 3,446 sqft · $222 · 0.4 mi | $765,000 | 4 | 4 | 3,446 | $222 | 0.4 mi |
C 29426 Shady Lane Sold 5 bd · 3 ba · 2,999 sqft · $212 · 0.2 mi | $635,000 | 5 | 3 | 2,999 | $212 | 0.2 mi |
D 29138 Derby Drive Sold 4 bd · 3 ba · 3,168 sqft · $216 · 0.3 mi | $683,500 | 4 | 3 | 3,168 | $216 | 0.3 mi |
E 29260 Wrangler Drive Active 5 bd · 3 ba · 3,470 sqft · $218 · 0.1 mi | $755,000 List Price | 5 | 3 | 3,470 | $218 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The home was built in 2003 (23 years old) and shows a dated kitchen with original oak cabinetry and older white appliances. While the flooring has been updated to laminate and the property is clean and move-in ready, the kitchen and systems are reaching the end of their typical modern lifecycle, making it fit the 'Fair' category due to the need for cosmetic updates.
Elementary School: Alamos Elementary School (9/10). High School: Chaparral High School (9/10).
The property offers a rare combination of no HOA fees, low property taxes, and no rear neighbors, backing onto a tranquil greenspace with direct access to nature trails.
Spanning 3,470 square feet, the floor plan includes a downstairs bedroom and full bath, a dedicated office, and a large upstairs loft, providing excellent flexibility for guests or remote work.
Built in 2003 and featuring Corian countertops, the home may require cosmetic updates and modern material upgrades to compete with newer luxury builds in the area.
With a substantial 3,470 square foot interior on a 6,970 square foot lot, the remaining backyard space is relatively modest for a home of this size.
Welcome to this spacious 5-bedroom, 3-bathroom home in a desirable Murrieta neighborhood, offering the rare combination of no HOA, low property taxes, and no rear neighbors. Situated against peaceful greenspace with access to nearby nature trails, the home provides added privacy and a tranquil backdrop while remaining conveniently close to shopping, dining, parks, and commuter routes. Inside, the versatile floor plan offers plenty of space for everyday living and entertaining. A downstairs bedroom and full bathroom provide an ideal setup for guests, multigenerational living, or a home office. The separate dining room creates a welcoming space for gatherings, while the additional den/office offers even more flexibility to accommodate a home office, study, or hobby space. The open-concept kitchen features Corian countertops, ample cabinetry, and generous counter space, opening seamlessly to the main living areas. Upstairs, a spacious loft provides valuable additional living space that can easily be customized as a media room, playroom, gym, or secondary family room. The private primary suite offers a comfortable retreat, while the additional bedrooms provide plenty of room for family and guests. Other highlights include abundant natural light, a 3-car garage, and a generously sized backyard with no homes directly behind, creating a peaceful and private outdoor setting. With its flexible floor plan, desirable location, generous living spaces, and exceptional combination of privacy and convenience, this Murrieta home is ready to welcome its next owner.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.2 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,470 | 2,489.548 |
| Lot Size | 6,970 | 7,204.151 |
| Price | $600.0K | $712.8K |
| Price per sq ft | $173 | $302 |
| Built year | 2003 | 2001 |
| HOA | $0 | $164 |
| Days on market | 30 | 58 |
Sep 24, 2026
$600,000
Initial Listing
Sep 24, 2009
$240,000
Public Record
Jun 12, 2003
$369,000
Public Record